You are currently viewing SSP Group sales healing wetted by Omicron

Upper Crust Reading Station in 2015

< div course =" inline_image image_size_full" data-attachment =" 256108" data-sequence="1 ">< img alt =" Upper Crust Reading Station in 2015" src="" dimensions ="( max-width: 1023px) 100vw, 780px" class =" lazyload" size =" 1500 "elevation =" 1000" srcset =" 480w, 600w, 780w" > Sales at travel food & beverage professional SSP were wetted by Omicron in the very first four months of its fiscal year, it revealed in a trading upgrade. The business, which runs brand names including Upper Crust and also Ritazza, reported group income was at 62% of 2019 levels for the period from 1 October 2021 to 30 January 2022. Sales representing 71% and 62% of 2019 figures were seen in the rail and air markets, respectively, for the initial nine weeks of the new financial year but Omicron took its toll as the brand-new year rolled around.

” The spread of the Omicron version worldwide and the subsequent government restrictions have actually undoubtedly had an influence on traveler numbers in a number of our markets, leaving total group sales in the current 8 weeks (from 6 December to 30 January) at c. 57% of 2019 degrees,” SSP stated.

Trading continued to be ‘durable’ during December as well as throughout the Christmas duration yet softened in early January. SSP included that recent weeks have been ‘more encouraging’ as federal government restrictions in the UK as well as some of continental Europe were lifted.

Sales are now ‘trending favorably’ driven by reinforcing sell the rail market as traveler traveling returns.

SSP claimed it is actively handling system openings as well as closures in action to the changing demand with around 1,950 devices currently open up– around 72% of its estate.

” Whilst the Omicron version continues to have some impact on trading, we are positive in our capacity to manage any kind of short-term volatility as well as, subject to no more federal government restrictions being presented, we are well positioned for the crucial summertime trading duration,” SSP mentioned.

” Our medium-term expectations, which are for a go back to like-for-like revenues as well as EBITDA margins at generally comparable levels to 2019 by 2024, remain unmodified.”